London And Regional Hotels Acquires Resort In Orlando For $50M
12205 S Apopka Vineland Rd, Orlando, FL, USA
$50,000,000
$121/SF
Building Size
413,115 SF
Asset Type
Other
Closing
Feb 4, 2021
About this deal
AI
The resort located at 12205 S Apopka Vineland Rd in Orlando has been sold in a recent transaction. The property, consisting of 486 units, was sold by AREA Property Partners to London and Regional Hotels for a price of $50,000,000. This equates to a per unit price of $102,881.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: $50,000,000
- Units: 486
- Price per Unit: $102,881
The buyer in this deal was London and Regional Hotels, represented by Desmond Taljaard. The seller, AREA Property Partners, enlisted the services of Hodges Ward Elliott as their broker. This transaction took place on February 5, 2021, and was captured in an image shared by Desmond Taljaard.
Players
Orlando Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93